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Is manufacturing growing in the Philippines? You bet!

In our advocacy to increase manufacturing in the Philippines, I often encounter questions on whether manufacturing is actually growing. Strong misconception remain….that either manufacturing is stagnating or even dead in the Philippines. Probably because it has been overshadowed by new types of industries particularly in the services section. As an engineer, I never felt comfortable making conclusions based on perception, or one made without data. So I tabulated figures from the national accounts tables from the National Statistic Coordinating Board (NSCB), which is updated quarterly, and put together gross value added (GVA) based on current prices of the manufacturing sector from 1998 to 2011…. the data shows that manufacturing has been growing an average of 9% per annum for the last 13 years.  I hope you find this information useful.

 

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